Seadrill Ltd. (NASDAQ:SDRL) traded down 6.4% on Monday . The stock traded as low as $2.76 and last traded at $2.78, with a volume of 6,292,193 shares traded. The stock had previously closed at $2.97.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Seadrill from a “sell” rating to a “hold” rating in a research report on Wednesday, June 8th. Evercore ISI reiterated a “sell” rating on shares of Seadrill in a research report on Saturday, July 2nd. Bank of America Corp. reiterated a “sell” rating and set a $1.70 price objective on shares of Seadrill in a research report on Sunday, May 29th. Canaccord Genuity reiterated a “sell” rating on shares of Seadrill in a research report on Sunday, May 29th. Finally, Credit Suisse Group AG reiterated a “sell” rating and set a $1.00 price objective on shares of Seadrill in a research report on Friday, May 27th. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Seadrill has a consensus rating of “Sell” and an average target price of $1.35.

The firm’s market capitalization is $1.27 billion. The firm has a 50 day moving average price of $3.17 and a 200-day moving average price of $3.15.

Seadrill (NASDAQ:SDRL) last issued its earnings results on Thursday, May 26th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by $0.12. The business earned $891 million during the quarter, compared to analyst estimates of $893.48 million. During the same period in the previous year, the business earned $0.86 earnings per share. The firm’s revenue was down 28.4% on a year-over-year basis. On average, equities research analysts anticipate that Seadrill Ltd. will post $1.24 EPS for the current year.

Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Company’s primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow and deep water areas, as well as benign and harsh environments.

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